Category: Popular News

PPL’s 74th Annual General Meeting approves 25% Cash Dividend

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PPL’s 74th Annual General Meeting approves 25% Cash Dividend

Karachi, October 27, 2025: Pakistan Petroleum Limited’s (PPL) 74th Annual General Meeting was held at a local hotel in Karachi witnessing a large shareholder turnout. The shareholders approved the financial statements for the fiscal year ended on June 30, 2025, along with the auditor’s report. A final cash dividend of 25% on ordinary shares was also approved, bringing the total dividend for the year to 75%. The meeting was chaired by Mr. Shahab Rizvi, Chairman of the PPL Board of Directors, who expressed his gratitude to the shareholders for their…

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No Fuel Shortage in Country, Situation Under Control

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Iraq’s fuel oil

OGRA SpokesmanIslamabad. According to spoke person of oil and gas regulatory Authority There is no situation of fuel shortage in the country. Some clearance delays were experienced earlier with imported petroleum products; however, the situation is now fully under control. Today, PSO’s diesel vessel and WAFI’s petrol vessel have also been cleared. Fuel supply operations across the country remain normal, and business continues as usual.

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Attock Petroleum Partners with Huawei and AE Power to Boost EV-Charging Infrastructure in Pakistan

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Petroleum prices

LAHORE: Attock Petroleum Limited (APL) has signed a Memorandum of Understanding (MoU) with Huawei Technologies Pakistan and AE Power to collaborate on developing a nationwide electric vehicle (EV) charging infrastructure, marking a significant step toward advancing clean transportation in Pakistan. Under the partnership, the three organisations will work jointly to establish EV charging stations across key urban and intercity locations, promoting the adoption of electric mobility and contributing to Pakistan’s broader sustainability and decarbonisation goals. The initiative aims to accelerate the creation of a modern, energy-efficient transportation ecosystem while supporting…

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OGDCL, Power Division Clash Over Uch Gas Field Utilisation in Draft IGCEP 2025–35

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OGDCL-Project

ISLAMABAD: A dispute has emerged between the Oil and Gas Development Company Limited (OGDCL) and the Power Division over what OGDCL terms the “minimal consideration” given to the capacity utilisation factors of the Uch-I and Uch-II gas fields in the draft Indicative Generation Capacity Expansion Plan (IGCEP) 2025–35, sources close to the NEPRA Chairman revealed. In a letter to the NEPRA Chairman, OGDCL Managing Director and CEO Ahmed Hayat Lak criticised the Independent System and Market Operator of Pakistan (ISMO) for proposing sharply declining utilisation factors for the Uch plants…

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K-Electric Defers AGM Amid Pending NEPRA Tariff Decisions

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K-Electric-3

K-Electric Limited (KE) has postponed its Annual General Meeting (AGM), earlier scheduled for November 11, 2025, due to uncertainty stemming from ongoing tariff-related proceedings before the National Electric Power Regulatory Authority (NEPRA). In a statement to the Pakistan Stock Exchange (PSX) on Monday, the utility said its Board of Directors had approved the annual financial statements for the fiscal year ending June 30, 2024, back in September. However, the company’s auditors have sought management’s clarification regarding the potential financial impact of pending NEPRA rulings before issuing their final audit report.…

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